Statoil has, on behalf of relevant licensees, exercised options for previously awarded drilling service contracts for fixed installations. Options have been exercised for 17 installations on the Norwegian continental shelf.In 2012 Statoil…
Today, Kvaerner and its sub-contractors cut the first steel plates for the utility- and living quarters (ULQ) topside for the Johan Sverdrup field. The topside construction starts on schedule and budget. The Johan Sverdrup development is being executed with a high degree of Norwegian value creation…
Tsakos Energy Navigation (TEN) announced charter extensions with a state oil company with profit sharing provisions for four panamax tankers, with an average duration of 22 months per vessel and minimum gross revenues of $65 million. These…
DryShips an international owner of drybulk carriers and offshore support vessels, today announced that it has entered into an agreement to increase its secured revolving facility (“Revolver”) provided by an entity controlled by the Company’s Chairman and CEO…
Diana Shipping Inc has inked new time charters with Glencore Grain B.V., Rotterdam for two of its panamaxes at rates below the previous charters, with the contracts commencing on March 26. Diana entered into a time charter contract with Glencore for 74…
Sri Lanka's Minister of State for Defence Ruwan Wijewardene visited the Goa Shipyard Limited (GSL) at the Vasco town, located around 40 kms from Panaji in India and inspected Sri Lankan ships under construction, the Press Trust of India reported…
Adani Kandla Bulk Terminal Pvt. Ltd. (AKBTPL), part of Adani Ports & Special Economic Zone Ltd (APSEZ), India’s largest port developer, today announced it had clocked minimum guaranteed throughput (MGT) cargo volume of 3.5 million tonnes (MT)…
A contract to renovate B.C. Ferries’ two largest vessels has been awarded to the largest shipyard in Poland for $140 million. BC Ferries awarded the conversion contrast to Remontowa Ship Repair in Gdansk, Poland. That’s the same company…
The Massachusetts Port Authority (Massport) Board today voted to approve to execute a Project Partnering Agreement with the U.S. Army Corps of Engineers (ACOE) and MassDOT to start the Boston Harbor Dredging Project. A signed agreement allows…
The Australian Government this week announced its intention to retain ARENA, expand its renewables mandate to include energy efficiency and low emissions technology, and make changes to its funding as well as the types of projects in which the agency will invest…
Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract by KSO Ciputra Yasmin to construct the land for the Centre Point of Indonesia Project located off the coast of Makassar. The contract value is approximately EUR 80 million…
Singapore-based bulker player Pioneer Marine has terminated five handysize newbuild contracts at Yangzhou Guoyu Shipyard. The leading shipowner and global drybulk handysize transportation service provider announced the following developments…
The board of Jawaharlal Nehru Port Trust (JNPT), India’s biggest container port, has approved Rs 2000 crore ($301 mln) dredging operation of the channel between Bombay Port Trust (BPT) and its own end to facilitate bigger ships docking/berthing at the port premises…
The Indonesian government has ambitious plans for major infrastructure projects in the near future in order to give a massive boost to the country’s economy, already the largest in South-East Asia. Its shopping list includes among other things…
The German company competing for Australia's $50 billion submarine contract is ramping up its pitches and lobbying became more intense. Germany is positioning itself as the 'safe option' to build Australia's new submarine fleet, arguing it avoids upsetting China…